Facebook owner Meta — like most tech stocks — has fallen sharply this year, and now investors might be wondering whether it’s time to buy the dip. Paul Meeks, portfolio manager at Independent Solutions Wealth Management, said that although Meta looks “super cheap” right now, it’s not a buy – it’s a hold or a … Read more
Chris Ratcliffe | Bloomberg | Getty Images WhatsApp is launching a new feature that will allow users to leave lengthy group chats without alerting others to their exit. Currently, pulling out of a WhatsApp group chat can be an awkward affair as everyone in the chat is informed when you leave. In larger groups, it … Read more
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Shares of Meta are down nearly 7% on Thursday, a day after the company released second-quarter earnings that missed on the top and bottom lines. Meta’s revenue fell almost 1% from a … Read more
Facebook says it wants to help fix misinformation running rampant across the internet – a problem it may have helped create in the first place. Facebook parent Meta announced a new AI-powered tool on Monday, called Sphere. It’s intended to help detect and address misinformation, or “fake news”, on the internet. Meta claims that it’s … Read more
Facebook owner Meta has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history,” … Read more
The company formerly known as Facebook is going to spend $ 10 billion this year on research and development on virtual reality and augmented reality technologies, including computerized glasses or headsets. On Monday, Meta CEO Mark Zuckerberg showed off how much progress the social media company has made toward that goal by revealing many of … Read more
Facebook CEO Mark Zuckerberg testifies before the US House Financial Services Committee during An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors hearing on Capitol Hill in Washington on Oct. 23, 2019. Xinhua News Agency | Getty Images The Department of Justice reached a settlement with Facebook owner Meta over … Read more
Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco’s Union Square and a nearby Nordstrom, which was robbed by 80 people. Law enforcement and retailers have warned the public that this isn’t traditional shoplifting. Rather, what they’re seeing is theft organized by criminal networks. And there’s a reason … Read more
Analysts at leading investment banks say a number of tech stocks present compelling buying opportunities right now – with some more than 30% off their 52-week highs. A storm of headwinds have hit tech stocks and investors are asking about names that are nearing the bottom, according to Bank of America. “Tech is facing the … Read more
San Francisco Compassandcamera | Getty Images US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider … Read more